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IMF (Australia) Ltd has been established for over 10 years and provides funding for commercial cases where the damages claimed exceeds $5 million. IMF listed on the ASX in 2001. IMF has funded some of Australia's most high profile class action cases including Aristocrat, Centro, Pan Pharmaceuticals, AWB and the Bank Fees class actions. Over the last 10 years, IMF has recovered over $1 billion in damages for its clients.

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The standard economic answer to Greece’s debt problems is to give that debt burden a haircut already. There’s nothing unusual or odd about this and it would be, in the absence of the existence of the euro, the standard IMF advice. If people simply cannot repay a debt then there’s no point in trying to make them repay it. Accept the obvious, have read »

For the first time in history, a former Chair of the Federal Reserve is blogging. According to Ben Bernanke, his new Brookings Institute blog will be about “economics, finance, and sometimes baseball”. Apart from occasional speaking engagements, the public has not heard much from Bernanke since he left the Fed in early 2014 upon reaching read »

We’ve at least one report that the proposals that the Greek Government has put forward over economic reforms to unlock more aid have been found, well, not quite enough. The way that this is going is simply confirming my long held opinion that the most likely way of Greece defaulting and leaving the euro is Grexident: that is, not by any sort of read »

Just when you think you’ve heard it all about the Greek debt saga along comes a little story that makes you wonder what on earth is actually happening over there. I will admit to being both surprised and more than a little amused by the claim that actually, Germany should just pay off the debt as a result of what the Nazis had done. There’s no read »

It’s official. Mission: Impossible 5 is now titled Mission: Impossible Rogue Nation. I would wager that even if Paramount/Viacom Inc. hadn’t moved Mission: Impossible Rogue Nation from December 23rd, 2015 to July 31st, 2015, we probably still would have gotten our first look right around this time, read »

David Shambaugh, once one of Beijing’s favorite China specialists, turned on his friends in a stunning essay in the Wall Street Journal, published on the 6th of this month. “The endgame of Chinese communist rule has now begun, I believe, and it has progressed further than many think,” he writes in “The Coming Chinese Crackup.”

This is something that I’ve been saying for some time now, that if Greece really does leave the euro then the most likely cause of it doing so will be that someone has made a mistake. Now, I believe that Greece should leave (in common with many economists): but just about every European politician believes that it should not. And most Greek read »

Bangladesh has been wracked by political protests over the past two years. Paradoxically, despite the country’s dysfunctional politics, its economy has done well. Last year, the all-important garment sector defied the odds and actually grew around 14% between July 2013 and May 2014. This insulation of the economy from the country’s toxic read »

India’s growth rate will surpass that of China’s this year, if the International Monetary Fund’s forecast is right.

The IMF said on Wednesday that India will grow 7.2% this year, rising to 7.5% next year. That has India going in the opposite direction of China. The Red Dragon economy is supposed to grow 7% this year, around 7.2% next read »

On March 13-15, Egypt will hold an economic investment conference at Sharm el-Sheikh, with a major focus on the energy sector. Egypt’s President Abdel Fattah al-Sisi’s government sees the conference as an important component of a strategy to improve the economy through attracting private investment.

Yanis Varoufakis has gone and annoyed an awful lot of Terribly Serious People by simply stating the truth. The thing is that he’s absolutely right in what he says, that Greece was never going to repay all of its debts and any arrangements that pretended it would were simply ridiculous on the face of it. And not just dissembling either, but read »

Both European politicians and investors must be experiencing a sense of déjà vu with the current Greek government and its fruitless attempts to extract more lenient terms for its 240 billion euro bailout package orchestrated by the troika of the European Commission, the European Central Bank (ECB) and the International Monetary read »